Federal Budget Deficit

Facing Up: Multiple Perspectives on America's Budgetary Dilemma

Billy Hallowell | Posted 12.15.2009 | Politics


Billy Hallowell

Whether you're a conservative or a liberal, you know doubt have an opinion on the national debt and the U.S. federal budget.

In Search of Budget Sanity: A Dispatch From the Belly of the Beast

John Milewski | Posted 12.14.2009 | Politics


John Milewski

At a session on the looming debt crisis comprised of Republicans, Democrats, and others, one of the key findings of the group is that the "process is broken."

The GOP, Hooked on Hate: Three Traits All Toxic Political Movements Share

Marcella Mroczkowski | Posted 12.10.2009 | Politics


Marcella Mroczkowski

Republicans in the age of Al-Qaeda have morphed into a Western, Christianist, mirror-image of their Islamist enemies. Bad political movements, like Tolstoy's happy families, are all alike. Look for three traits.

The President Asks for Help -- From Us

Eric Lotke | Posted 12.09.2009 | Politics


Eric Lotke

Educating the public is partly our job. We need to talk about budgeting responsibly in the long run and kick starting the economy right away. We need to move past the "false choice" between jobs now and growth later.

America Needs a Jobs Bill, and the Federal Deficit Shouldn't Stand in the Way

Robert Creamer | Posted 12.08.2009 | Politics


Robert Creamer

Last month's drop in the unemployment rate is certainly good news. But without additional action, there is little likelihood that the economy will return to anything resembling full employment.

Weathering the 2010 Storm

Dylan Loewe | Posted 12.07.2009 | Politics


Dylan Loewe

The best thing that can happen to the Democrats for the long-term in 2010 is to lose just enough seats that a) it won't impact their majority, but that b) the Republicans will think they won big.

Congress Can Save Mr. Obama From Afghanistan

Michael Kieschnick | Posted 12.02.2009 | Politics


Michael Kieschnick

Afghanistan is surely not Vietnam. It is worse. It is easily ten times more costly and much less popular both in the U.S. and in the country we occupy after eight years of war.

Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis

David Fiderer | Posted 12.02.2009 | Business


David Fiderer

In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.

Deficit & Debt: The Republican Legacy

Donnie Fowler | Posted 11.25.2009 | Politics


Donnie Fowler

The lies that we are getting from the Republicans, supported too often by the mainstream media, have put the entire federal deficit and debt onto Barack Obama's shoulders. Well, here's the truth about it.

Strengthening The Levees Against Unemployment And Rising Debt

Ann Pettifor | Posted 11.25.2009 | Business


Ann Pettifor

Government must manage the federal budget in the same way that you manage your household budget. But in truth, the president must do the opposite.

RIP Compassionate Conservatism

Will Marshall | Posted 11.23.2009 | Politics


Will Marshall

In taking a purely obstructionist stance, the GOP has evinced scant empathy for tens of millions of fellow Americans who lack basic protection against illness or injury. So much for compassionate conservatism.

The Budget Deficit Crisis: The Blame Is Bipartisan

Dean Baker | Posted 11.23.2009 | Business


Dean Baker

Relative to the size of the economy, America's deficit level does not come close to the levels hit in World War II. The idea that we are near some debt-driven crisis is absurd.

Hostage-Takers in the Senate

Dean Baker | Posted 11.16.2009 | Business


Dean Baker

The Wall Street gang may have suckered us with getting the TARP bailout money last year, but we don't have to let them get away with the same trick again.

Why We Need Even More Stimulus

Robert Reich | Posted 11.08.2009 | Business


Robert Reich

2009-11-05-reich2.jpgObama must return to Congress for more stimulus spending. Here's how he should sell it.

The Deficit Trap

Amitai Etzioni | Posted 11.05.2009 | Business


Amitai Etzioni

The Obama Administration is planning to start cutting the deficit soon. Even merely to discuss tax raises, expenditure cuts, and the increases in interest rates that are entailed will slow the recovery.

A Little Perspective on the Cost of Health Care Reform

Aaron E. Carroll | Posted 11.03.2009 | Politics


Aaron E. Carroll

People are saying that health care reform is going to break the bank. No. Health care costs are what might bankrupt us. I am all in favor of reducing those, but railing against the cost of reform while ignoring all the rest is willful ignorance.

Downsizing the Military

Jay Mandle | Posted 11.04.2009 | Politics


Jay Mandle

The next great political fight will be over a post-recession reduction in government spending in the name of narrowing the gap between government revenues and expenditures.

Health Care Reform is Critically Important, But Getting Americans Back to Work is More So

Robert Reich | Posted 11.02.2009 | Politics


Robert Reich

The optimist in me says Obama can pivot off a health-care victory and launch some new initiatives that palpably and quickly spur job growth. The realist says there aren't any such initiatives.

Krugman Is Wrong: Why China Won't Revalue

Zachary Karabell | Posted 10.23.2009 | Business


Zachary Karabell

With China now accounting for nearly $1 trillion of American debt, the U.S. can't simply insist that it do something about its currency and expect action. Geithner has been right in not publicly calling out China.

Grading Obama on Domestic Policy

Bob Burnett | Posted 10.23.2009 | Politics


Bob Burnett

It's been nine months since Barack Obama was sworn in as the 44th President of the United States. Time enough to grade the job he's done and consider...

Divergence, of Course

Max Fraad Wolff | Posted 10.20.2009 | Business


Max Fraad Wolff

Despite the excitement over the stock markets, credit markets remain ground zero. They are where defaults destroy fortunes but they are also crucial to US industrial growth.

Federal Deficit Is A Triumph Of Fiscal Policy: Stan Collender

Capital Gains and Games | Stan Collender | Posted 10.20.2009 | Politics


Despite the headlines and the page-one, right-hand column, above-the-fold stories in the New York Times and Washington Post on Saturday, I'm not at al...

Bernanke: US Should Cut Budget Deficit

AP | JEANNINE AVERSA | Posted 11.02.2009 | Business


WASHINGTON — Federal Reserve Chairman Ben Bernanke called Monday for the United States to whittle down its record-high budget deficits and for c...

Stimulus Saved 30,000 Jobs - With $2.2 Billion In Spending

nytimes.com | MICHAEL COOPER | Posted 11.02.2009 | Business


Businesses that got stimulus contracts directly from the federal government reported creating or saving 30,383 jobs so far, according to data publishe...

Good to Know: White House "Not Cool" With Trillion-Dollar Deficits

Henry Blodget | Posted 10.15.2009 | Business


Henry Blodget

We had the White House's Christina Romer on TechTicker this week. She says the president's "not cool" with our huge deficits.